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- Michael698 replied Mar 17, 2014
On Forex Factory, click on Market at the top. Select the pair you want on the Composite Quotes to change the pair on the chart. Tick the Market Impact tickboxes. Select the timeframe you want. Play around with the chart to get the view you want. ...
- Michael698 replied Mar 17, 2014
[quote=trader121;7345401]No it's not possible. Think about it: 10 to 20% per month, that would be over 100% per year. No one does that Profit, nobody ever has, nobody ever will. The best of the best make 20-30% per year, which is very high. Why ...
- Michael698 replied Feb 13, 2014
Hi Robin34, True that 20 pips can go in a blink of the eye in high volatility times in the market. I have a rule to exit and not trade around news events that can move the market more than 15 pips. My trading system uses a 20 pip stop loss. That is ...
- Michael698 replied Feb 6, 2014
With a $1000 account you can trade a mini where 1 pip is $1. So you only need to make 100 pips per month for a 10% gain. Not the 50 pips per day. If 1000 pips equal $100 dollars then each pip = $0.10. You are then only risking 0.2% per trade on a ...
- Michael698 replied Feb 6, 2014
A retail trader can do better than the hedge fund manager. The fund manager has hundreds of millions to trade so slippage and liquidity comes into play and he has to scale in and scale out of positions. The fund manager is risk adverse with other ...
- Michael698 replied Jan 23, 2014
hello, Robin34 you are wrong and so is your math. with $1000 account to make 10% or $100. with the above 50%/50% win/loss and 1:2 risk/reward, and risking 2% or $20 a trading strategy with 20 pip stop loss with a $20 risk each pip equals $1 or 1 ...
- Michael698 replied Jan 23, 2014
Can we agree that it is possible to create a trading strategy. That wins 50% of the time, a risk/reward of 1:2, trading frequency of 1 trade per day, and we risk 2% of our capital per trade. On a $1000 account we risk 2%, with 10 winning trades ...
- Michael698 replied Dec 2, 2013
Hello Verti, Can normal people, with small capital ($1000-3000) make money and live off trading Forex? NO, in my opinion 50k but less if you live in India. Can people make money? Yes. Knowledge does help and you can do get better with experience and ...
- Posts by Member Search: 'Michael698'